Amgen Inc. Financial Ratios — AMGN Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	17.14	22.81	24.69	21.55	25.77	26.65	7.18	44.48	70.73	76.13	73.16	126.47	135.79	67.55	106.1
Return on Assets (%)	7.98	8.42	8.44	7.63	9.88	10.36	2.51	11.47	12.44	11.84	9.5	10.38	8.28	4.33	8.45
Return on Capital (%)	10.86	12.22	12.16	11.1	13.61	14.17	3.6	17.98	20.81	20.47	16.86	18.9	16.18	10.07	15.6
Return on Invested Capital (%)	9.84	11.24	11.35	10.33	12.7	13.31	3.29	16.87	19.18	19.58	16.01	20.19	11.61	9.13	11.8
Gross Margin (%)	82.62	81.47	82.08	77.96	80.49	81.9	82.19	82.73	81.35	75.77	75.16	75.66	70.02	61.53	67.25
EBITDA Margin (%)	34.48	38.6	38.3	41.28	48.83	51.76	52.2	51.41	50.85	50.11	42.48	49.32	42.45	38.45	38.77
Operating Margin (%)	27.67	32.3	31.41	30.86	39.1	42.6	43.65	43.22	41.41	35.95	29.4	36.34	28.01	21.71	24.71
Incremental Operating Margin (%)	- -	75.16	20.55	23.36	142.53	99.62	- -	32.29	152.99	- -	- -	560.17	- -	- -	54.76
Pretax Margin (%)	26.63	29.01	28.19	27.84	36.83	39.85	42	40.19	39.11	31.99	25.79	27.91	27.86	13.79	24.42
Profit Margin (%)	23.64	25.17	27.21	25.71	32.03	33.59	8.66	35.35	33.57	28.57	22.68	24.89	23.83	12.24	20.98
Net Income to Common Margin (%)	23.64	25.17	27.21	25.71	32.03	33.59	8.66	35.35	33.57	28.57	22.68	24.89	23.83	12.24	20.98
Effective Tax Rate (%)	11.25	13.26	3.49	7.65	13.02	15.73	79.38	12.06	14.18	10.68	12.06	10.81	14.49	11.26	14.09
Dvd Payout Ratio (%)	13.58	25.73	27.85	35.89	34.53	38.82	170.04	41.78	44.75	51.69	68.1	64.04	67.83	118.14	66.45
Sustainable Growth Rate (%)	14.81	16.94	17.82	13.82	16.87	16.3	-5.03	25.9	39.08	36.78	23.34	45.48	43.69	-12.26	35.6

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	21,428	26,529	32,128	30,715	31,429	34,596	35,342	33,929	29,903	32,986	33,309	38,945	64,613	60,099	54,604
ST Debt	84	2,495	2,505	500	2,247	4,403	1,152	4,419	2,953	91	87	1,591	1,443	3,550	4,599
LT Debt	21,344	24,034	29,623	30,215	29,182	30,193	34,190	29,510	26,950	32,895	33,222	37,354	63,170	56,549	50,005
Total Debt/EBITDA	3.99	3.98	4.49	3.71	2.97	2.91	2.96	2.78	2.52	2.59	3.02	3	5.4	4.68	3.83
Net Debt/EBITDA	2.7	3.49	3.96	3.26	2.58	2.64	2.64	2.21	2.01	2.1	2.29	2.41	4.48	3.75	3.19
Total Debt/EBIT	4.97	4.76	5.48	4.96	3.71	3.53	3.54	3.31	3.09	3.61	4.36	4.07	8.18	8.28	6.01
Net Debt/EBIT	3.36	4.17	4.83	4.36	3.22	3.2	3.16	2.63	2.47	2.92	3.31	3.27	6.8	6.63	5.01
EBITDA to Interest Expense	8.81	6.33	7	7.73	9.66	9.44	9.15	8.77	9.22	10.1	9.22	9.23	4.16	4.07	5.17
EBITDA-CapEx/Interest Expense	7.88	5.65	6.32	6.8	9.07	8.78	8.64	8.24	8.74	9.61	8.49	8.57	3.78	3.73	4.5
EBIT to Interest Expense	7.07	5.3	5.74	5.78	7.74	7.77	7.65	7.37	7.51	7.24	6.38	6.8	2.75	2.3	3.3
Interest Expense	610	1,053	1,022	1,071	1,095	1,260	1,304	1,392	1,289	1,262	1,197	1,406	2,875	3,155	2,755
Common Equity/Total Assets	38.94	35.1	33.42	37.35	39.3	38.49	31.57	18.82	16.2	14.95	10.95	5.62	6.41	6.4	9.56
Long-Term Debt/Equity (%)	112.17	126.1	134.06	117.21	103.91	101.06	135.45	236.08	278.61	349.61	495.85	1,020.32	1,013.64	962.21	577.56
Long-Term Debt/Capital (%)	52.76	52.72	54.63	53.48	49.04	46.83	56.43	63.56	68.1	77.59	83.04	87.67	89.17	85.71	79.04
Long-Term Debt/Total Assets (%)	43.67	44.26	44.8	43.78	40.84	38.9	42.76	44.43	45.14	52.26	54.32	57.36	65.02	61.57	55.2
Total Debt/Equity (%)	112.61	139.19	145.4	119.15	111.91	115.8	140.02	271.43	309.14	350.58	497.15	1,063.78	1,036.79	1,022.61	630.68
Total Debt/Capital (%)	52.96	58.19	59.25	54.37	52.81	53.66	58.34	73.08	75.56	77.81	83.25	91.41	91.2	91.09	86.31
Total Debt/Total Assets (%)	43.85	48.86	48.59	44.51	43.99	44.57	44.2	51.09	50.08	52.4	54.46	59.8	66.51	65.44	60.28
Net Debt to Equity	76.1	122.1	128.18	104.68	97.16	104.95	124.96	215.87	246.73	283.98	377.91	855.39	861.18	818.89	525.24
Net Debt/Capital (%)	43.22	54.97	56.18	51.14	49.28	51.21	55.55	68.34	71.16	73.96	79.08	89.53	89.6	89.12	84.01
EBITDA	5,372	6,665	7,153	8,283	10,578	11,899	11,928	12,209	11,880	12,740	11,037	12,983	11,968	12,850	14,247
EBITDA-CapEx	4,805	5,951	6,460	7,280	9,929	11,062	11,264	11,471	11,262	12,132	10,157	12,047	10,856	11,754	12,389
Operating Income (Loss)	4,312	5,577	5,867	6,191	8,470	9,794	9,973	10,263	9,674	9,139	7,639	9,566	7,897	7,258	9,080

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	3.59	2.94	2.44	3.86	3.62	3.4	4.62	2.17	0.69	0.91	0.66	0.59	0.6	0.52	0.36
Current Ratio	4.8	3.81	3.44	4.95	4.45	4.11	5.49	2.79	1.44	1.81	1.59	1.41	1.65	1.26	1.14
Quick Ratio	4.09	3.24	2.78	4.22	3.97	3.68	4.98	2.44	1.01	1.3	1.14	1	1.03	0.81	0.73
CFO/Avg Current Liab	0.83	0.84	0.78	1.2	1.24	1.04	1.11	1	0.7	0.86	0.78	0.7	0.5	0.55	0.41
Common Equity/Total Assets	38.94	35.1	33.42	37.35	39.3	38.49	31.57	18.82	16.2	14.95	10.95	5.62	6.41	6.4	9.56
Long-Term Debt/Equity (%)	112.17	126.1	134.06	117.21	103.91	101.06	135.45	236.08	278.61	349.61	495.85	1,020.32	1,013.64	962.21	577.56
Long-Term Debt/Capital (%)	52.76	52.72	54.63	53.48	49.04	46.83	56.43	63.56	68.1	77.59	83.04	87.67	89.17	85.71	79.04
Long-Term Debt/Total Assets (%)	43.67	44.26	44.8	43.78	40.84	38.9	42.76	44.43	45.14	52.26	54.32	57.36	65.02	61.57	55.2
Total Debt/Equity (%)	112.61	139.19	145.4	119.15	111.91	115.8	140.02	271.43	309.14	350.58	497.15	1,063.78	1,036.79	1,022.61	630.68
Total Debt/Capital (%)	52.96	58.19	59.25	54.37	52.81	53.66	58.34	73.08	75.56	77.81	83.25	91.41	91.2	91.09	86.31
Total Debt/Total Assets (%)	43.85	48.86	48.59	44.51	43.99	44.57	44.2	51.09	50.08	52.4	54.46	59.8	66.51	65.44	60.28
CFO/Total Liabilities	17.15	16.69	14.29	20.71	22.44	21.68	20.43	20.95	18.29	19.61	17	15.82	9.32	13.37	12.15
CFO/CapEx	9.03	8.24	9.08	8.93	14.99	12.37	16.83	15.31	14.81	17.26	10.52	10.39	7.62	10.48	5.36
Altman's Z-Score	2.21	2.65	3.13	- -	3.78	- -	- -	- -	2.72	3.52	3.37	3.24	1.83	1.62	1.99

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	5.96	6.38	7.16	7.65	7.82	7.46	7.14	6.97	6.12	5.92	5.52	5.03	4.39	4.76	4.49
Days Sales Outstanding	61.27	57.23	50.96	47.69	46.68	48.9	51.13	52.39	59.66	61.6	66.17	72.51	83.07	76.72	81.2
Inventory Turnover	1.2	1.22	1.16	1.56	1.66	1.61	1.46	1.42	1.34	1.65	1.62	1.42	1.17	1.56	1.82
Days Inventory Outstanding	303.67	298.25	314.33	233.84	219.41	227.14	250.23	256.95	273.33	221.55	225.62	256.86	312.01	234.42	200.48
Accounts Payable Turnover	4.67	4.47	4.28	4.55	4.1	4.75	3.67	3.29	3.88	4.63	4.77	4.94	8.25	5.91	5.27
Accounts Payable Turnover Days	78.18	81.62	85.28	80.3	89.09	76.8	99.59	111.01	94.1	78.78	76.52	73.96	44.26	61.75	69.26
Cash Conversion Cycle	286.76	273.86	280.01	201.23	177.01	199.23	201.77	198.33	238.89	204.38	215.28	255.41	350.82	249.38	212.42
Inventory to Cash Days	-242.41	-241.02	-263.37	-186.15	-172.73	-178.24	-199.09	-204.56	-213.67	-159.95	-159.45	-184.35	-228.94	-157.7	-119.28
Inventories	2,484	2,744	3,019	2,647	2,435	2,745	2,834	2,940	3,584	3,893	4,086	4,930	9,518	6,998	6,225
Raw Materials	158	192	217	198	201	225	232	257	358	486	647	828	993	818	915
Work In Process	1,802	1,723	2,064	1,551	1,529	1,608	1,668	1,660	2,227	2,437	2,367	3,098	5,747	4,120	3,425
Finished Goods	524	829	738	898	705	912	934	1,023	999	970	1,072	1,004	2,778	2,060	1,885
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	47,394	79,685	131,583	- -	140,525	- -	- -	- -	122,232	209,452	231,824	253,664	173,075	150,365	173,328
- Cash & Cash Equivalents	6,946	3,257	3,805	3,731	4,144	3,241	3,800	6,945	6,037	6,266	7,989	7,629	10,944	11,973	9,129
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	21,428	26,529	32,128	30,715	31,429	34,596	35,342	33,929	29,903	32,986	33,309	38,945	64,613	60,099	54,604
Enterprise Value	48,181	82,153	144,310	- -	140,572	- -	- -	- -	143,224	231,791	257,096	283,304	226,744	198,491	218,803
Total Capital	40,457	45,589	54,224	56,493	59,512	64,471	60,583	46,429	39,576	42,395	40,009	42,606	70,845	65,976	63,262
Total Debt/Capital (%)	52.96	58.19	59.25	54.37	52.81	53.66	58.34	73.08	75.56	77.81	83.25	91.41	91.2	91.09	86.31
Total Debt / EV	0.44	0.32	0.22	- -	0.22	- -	- -	- -	0.21	0.14	0.13	0.14	0.28	0.3	0.25
EV/Sales	3.09	4.76	7.73	- -	6.49	- -	- -	- -	6.13	9.12	9.9	10.76	8.04	5.94	5.95
EV/EBITDA	8.97	12.33	20.17	- -	13.29	- -	- -	- -	12.06	18.19	23.29	21.82	18.95	15.45	15.36
EV/EBIT	11.17	14.73	24.6	- -	16.6	- -	- -	- -	14.8	25.36	33.66	29.62	28.71	27.35	24.1
EV/Cash Flow to Firm	8.51	12.09	19.83	- -	13.16	- -	- -	- -	13.96	19.94	24.93	25.81	20.75	13.89	17.75
EV/Free Cash Flow to Firm	9.46	13.51	21.92	- -	14.01	- -	- -	- -	14.86	21.04	27.25	28.22	23.1	15.04	20.9
Diluted Market Cap	54,328	82,920	133,397	- -	142,762	- -	- -	- -	125,869	213,690	237,928	256,989	173,915	151,485	174,357
Diluted Enterprise Value	55,115	85,388	146,124	- -	142,809	- -	- -	- -	146,861	236,029	263,200	286,629	227,584	199,611	219,832
EV per Share	2.16	3.88	6.83	- -	6.66	- -	- -	- -	8.65	14.31	16.45	18.95	15.12	13.2	14.5
TTM Sales	15,582	17,265	18,676	20,063	21,662	22,991	22,849	23,747	23,362	25,424	25,979	26,323	28,190	33,424	36,751
TTM EBITDA	5,372	6,665	7,153	8,283	10,578	11,899	11,928	12,209	11,880	12,740	11,037	12,983	11,968	12,850	14,247
TTM Operating Income	4,312	5,577	5,867	6,191	8,470	9,794	9,973	10,263	9,674	9,139	7,639	9,566	7,897	7,258	9,080
TTM Cash Flow to Firm	5,660	6,795	7,277	9,941	10,683	11,416	11,446	12,520	10,256	11,624	10,314	10,975	10,929	14,290	12,325
TTM Free Cash Flow to Firm	5,093	6,081	6,584	8,938	10,034	10,579	10,782	11,782	9,638	11,016	9,434	10,039	9,817	13,194	10,467

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	11.93	16.04	23.83	- -	15.72	- -	- -	- -	14.75	21.61	28.39	29.25	23.63	14.57	21.53
EV/EBIT	11.17	14.73	24.6	- -	16.6	- -	- -	- -	14.8	25.36	33.66	29.62	28.71	27.35	24.1
Enterprise Value	48,181	82,153	144,310	- -	140,572	- -	- -	- -	143,224	231,791	257,096	283,304	226,744	198,491	218,803
Low Price	2.06	2.35	6.23	- -	6.66	- -	- -	- -	6.25	8.98	12.13	13.19	10.14	9.43	8.62
EV/Sales	3.09	4.76	7.73	- -	6.49	- -	- -	- -	6.13	9.12	9.9	10.76	8.04	5.94	5.95
EV/EBITDA	8.97	12.33	20.17	- -	13.29	- -	- -	- -	12.06	18.19	23.29	21.82	18.95	15.45	15.36
Price/Earnings	14.64	18.79	25.84	- -	20.36	- -	- -	- -	15.95	29.22	40.16	39.01	25.75	36.76	22.44
Price/Earnings Average	14.5	17.88	25.84	- -	21.46	- -	- -	- -	14.72	32.07	38	37.36	38.58	48.86	20.56
Price/Earnings High	14.64	20.35	25.84	- -	22.15	- -	- -	- -	16.02	40.23	43.29	50.01	61.58	63.91	25.3
Price/Earnings Low	14.18	11.73	25.84	- -	20.36	- -	- -	- -	13.49	20.28	32.85	30.33	22.61	34.68	16.83
Price/Book Value	2.49	4.18	5.96	- -	5	- -	- -	- -	12.64	22.26	34.6	69.29	27.77	25.59	20.02
Price/Book Value Average	2.47	3.98	5.96	- -	5.28	- -	- -	- -	11.66	24.44	32.74	66.36	41.61	34	18.34
Price/Book Value High	2.49	4.53	5.96	- -	5.44	- -	- -	- -	12.7	30.65	37.29	88.84	66.43	44.47	22.56
Price/Book Value Low	2.41	2.61	5.96	- -	5	- -	- -	- -	10.69	15.45	28.3	53.87	24.38	24.14	15.01
Price/Tangible Book Value	10.09	32.79	-21.45	- -	84.91	- -	- -	- -	-5	-9.58	-9.92	-9.08	-3.84	-3.72	-5.37
Price/Tangible Book Value Average	10	31.21	-21.45	- -	89.51	- -	- -	- -	-4.62	-10.51	-9.39	-8.69	-5.76	-4.94	-4.92
Price/Tangible Book Value High	10.09	35.51	-21.45	- -	92.37	- -	- -	- -	-5.02	-13.19	-10.69	-11.64	-9.19	-6.46	-6.05
Price/Tangible Book Value Low	9.78	20.47	-21.45	- -	84.91	- -	- -	- -	-4.23	-6.65	-8.11	-7.06	-3.37	-3.51	-4.02
Price/Sales	3.46	4.73	7.03	- -	6.52	- -	- -	- -	5.35	8.35	9.11	9.71	6.13	4.5	4.71
Price/Sales Average	3.43	4.5	7.03	- -	6.88	- -	- -	- -	4.94	9.16	8.62	9.3	9.19	5.98	4.31
Price/Sales High	3.46	5.12	7.03	- -	7.09	- -	- -	- -	5.38	11.49	9.82	12.45	14.67	7.82	5.31
Price/Sales Low	3.35	2.95	7.03	- -	6.52	- -	- -	- -	4.53	5.79	7.45	7.55	5.39	4.24	3.53
Price/Cash Flow	10.53	13.88	20.87	- -	14.52	- -	- -	- -	13.67	20.22	25.56	26.29	20.42	13.09	17.38
Price/Cash Flow Average	10.43	13.21	20.87	- -	15.3	- -	- -	- -	12.61	22.19	24.18	25.18	30.59	17.39	15.92
Price/Cash Flow High	10.53	15.03	20.87	- -	15.79	- -	- -	- -	13.73	27.84	27.55	33.71	48.83	22.75	19.59
Price/Cash Flow Low	10.2	8.67	20.87	- -	14.52	- -	- -	- -	11.56	14.03	20.9	20.44	17.93	12.35	13.03
Price/Free Cash Flow Average	11.82	15.27	23.83	- -	16.57	- -	- -	- -	13.62	23.72	26.86	28.02	35.41	19.37	19.72
Price/Free Cash Flow High	11.93	17.37	23.83	- -	17.1	- -	- -	- -	14.82	29.75	30.6	37.51	56.53	25.33	24.26
Price/Free Cash Flow Low	11.56	10.02	23.83	- -	15.72	- -	- -	- -	12.48	15	23.22	22.74	20.75	13.75	16.14
EV/Sales Average	3.06	4.54	7.73	- -	6.84	- -	- -	- -	5.73	9.92	9.42	10.36	11.1	7.42	5.56
EV/Sales High	3.09	5.14	7.73	- -	7.06	- -	- -	- -	6.16	12.22	10.59	13.48	16.59	9.26	6.55
EV/Sales Low	3	3.02	7.73	- -	6.49	- -	- -	- -	5.33	6.6	8.27	8.62	7.29	5.68	4.77
EV/EBITDA Average	8.88	11.75	20.17	- -	14.01	- -	- -	- -	11.26	19.8	22.16	21	26.15	19.3	14.34
EV/EBITDA High	8.97	13.32	20.17	- -	14.46	- -	- -	- -	12.11	24.39	24.93	27.33	39.07	24.09	16.9
EV/EBITDA Low	8.69	7.83	20.17	- -	13.29	- -	- -	- -	10.47	13.16	19.47	17.47	17.18	14.78	12.32
EV/EBIT Average	11.07	14.04	24.6	- -	17.5	- -	- -	- -	13.83	27.6	32.02	28.5	39.63	34.16	22.49
EV/EBIT High	11.17	15.91	24.6	- -	18.05	- -	- -	- -	14.87	34	36.02	37.1	59.22	42.64	26.52
EV/EBIT Low	10.83	9.36	24.6	- -	16.6	- -	- -	- -	12.86	18.35	28.13	23.72	26.04	26.18	19.32
Last Price	2.13	3.76	6.23	- -	6.66	- -	- -	- -	7.38	12.93	14.83	16.96	11.54	10	11.49
High Price	2.13	4.07	6.23	- -	7.24	- -	- -	- -	7.42	17.81	15.98	21.75	27.61	17.38	12.95
Enterprise Value Average	47,723	78,298	144,310	- -	148,191	- -	- -	- -	133,823	252,254	244,633	272,593	312,994	247,948	204,250
Enterprise Value High	48,181	88,753	144,310	- -	152,924	- -	- -	- -	143,816	310,734	275,144	354,867	467,642	309,506	240,817
Enterprise Value Low	46,703	52,212	144,310	- -	140,572	- -	- -	- -	124,423	167,709	214,894	226,861	205,631	189,980	175,454

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	22,278	21,177	21,129	21,292	21,113	20,665	20,222	17,629	16,560	16,193	15,633	14,952	14,992	15,036	15,087
Diluted Weighted Avg Shares	25,537	22,037	21,421	21,561	21,449	21,113	20,581	18,621	17,053	16,521	16,045	15,148	15,064	15,148	15,176
Basic Weighted Avg Shares	25,341	21,701	21,085	21,253	21,225	20,945	20,469	18,509	16,941	16,409	15,961	15,064	14,980	15,036	15,064
Revenue per Share	0.61	0.8	0.89	0.94	1.02	1.1	1.12	1.28	1.38	1.55	1.63	1.75	1.88	2.22	2.44
EBITDA per Share	0.21	0.31	0.34	0.39	0.5	0.57	0.58	0.66	0.7	0.78	0.69	0.86	0.8	0.85	0.95
Operating Income per Share	0.17	0.26	0.28	0.29	0.4	0.47	0.49	0.55	0.57	0.56	0.48	0.64	0.53	0.48	0.6
Basic EPS, GAAP	0.15	0.2	0.24	0.24	0.33	0.37	0.1	0.45	0.46	0.44	0.37	0.43	0.45	0.27	0.51
Basic EPS from Cont Ops	0.15	0.2	0.24	0.24	0.33	0.37	0.1	0.45	0.46	0.44	0.37	0.43	0.45	0.27	0.51
Diluted EPS, GAAP	0.14	0.2	0.24	0.24	0.32	0.37	0.1	0.45	0.46	0.44	0.37	0.43	0.45	0.27	0.51
Diluted EPS from Cont Ops	0.14	0.2	0.24	0.24	0.32	0.37	0.1	0.45	0.46	0.44	0.37	0.43	0.45	0.27	0.51
Dividend per Share	0.02	0.05	0.07	0.09	0.11	0.14	0.16	0.19	0.21	0.23	0.25	0.28	0.3	0.32	0.34
Cash Flow per Share	0.2	0.27	0.3	0.42	0.46	0.49	0.55	0.61	0.54	0.64	0.58	0.65	0.57	0.76	0.66
Free Cash Flow per Basic Share	0.18	0.24	0.27	0.37	0.43	0.45	0.51	0.57	0.5	0.6	0.53	0.58	0.49	0.69	0.54
Cash & Equivalents per Share	0.93	1.14	0.92	1.27	1.49	1.84	2.06	1.66	0.54	0.66	0.51	0.62	0.73	0.8	0.61
Book Value per Share	0.85	0.9	1.05	1.21	1.33	1.45	1.25	0.71	0.58	0.58	0.43	0.24	0.42	0.39	0.57
Tangible Book Value per Share	0.21	0.11	-0.29	-0.08	0.08	0.23	0.09	-0.55	-1.48	-1.35	-1.5	-1.87	-3	-2.69	-2.14